Foreign investors bought 2.33 per cent of all shares purchased on Saudi Arabia's stock market in June, the first month since new rules allowed more overseas investment in the Arab world's largest bourse, data showed on Thursday.
Emirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f
Saudi Arabia has taken a ‘strategic decision’ to acquire nuclear weapons from Pakistan, senior US officials told the Sunday Times.
Sunni Arab states are increasingly concerned over a deal with Iran backed by U
Bank of Bahrain and Kuwait (BBK) is open to acquisitions of Islamic banks provided they offered a feasible business proposition, the bank's chairman Murad Ali Murad has said.
Speaking on the sidelines of a combined annual and
Chinese conglomerate Fosun International said it bought a five per cent stake in British travel group Thomas Cook Group, deepening its foray into Europe's tourism sector after buying French holiday maker Club Med last month.
Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance
Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said.
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21 to 31.
Egypt, the world's biggest state importer
Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said on Thursday.
The deal has a value of $3.3 billion at list price, although a
Kuwait's Aviation Lease & Finance Co (Alafco), a unit of Kuwait Finance House (KFH), plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the c